Balance the Budget: Now is the Time
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The Debt Ceiling and the Democrat’s Xbox War on Poverty [Reader Post]
The debt ceiling talks fell apart on Friday as President Obama insisted on $400 billion in new taxes to pay for more government spending. Imagine if he didn’t have to spend those $400 billion over the next decade.
Is it possible that there is $400 billion of waste in the budget somewhere? Where might that be? How about amongst the impoverished?
Say What? July 27, 2011 Edition [Reader Post]
President Obama on a Balanced Budget Amendment: “We don’t need a constitutional amendment to do that. What we need to do is do our jobs.”
Senate Leader Harry Reid: “I think this piece of legislation [Cap, Cut and Balance] is about as weak and senseless as anything that has ever come on this Senate floor, and I’m not going to waste the Senate’s time day after day on this piece of legislation which I think is anathema to what our country is all about. I feel confident that this legislation will be disposed of one way or the other. The American people should understand that this is a bad piece of legislation, perhaps some of the worst legislation in the history of this country.” In case you don’t get this, he is telling all of the Democrat Senators to shelve Cut, Cap and Balance without giving it a hearing.
Increase the Debt Ceiling? [Reader Post]
Today we hear quite a lot about the U.S. debt ceiling or debt limit. So in this article I try to draw upon Internet news, political news, and economic news for sources to examine this situation. Before deciding about the politics of the debt limit, one must understand it – what it is, from where it came, and how Congress uses it.